Ferstl Valuation Services has offered trusted real estate appraisals in Little Rock since 1967, and we’re ready to put our experience to work for you! Whether you’re about to sell your family home or a commercial property, an independent appraisal helps you determine an appropriate listing price. And if the property is in an up-and-coming area, it might also be worth making a few upgrades!
A certified commercial or residential real estate appraisal typically takes about two weeks to complete, and we’re a phone call away when you’re ready to get started. The process begins with a site visit, and your appraiser may request to review several documents, including recent land surveys, documentation of the last sales price, and a list of home improvements with receipts or invoices attached. Gathering up all the required information for the appraiser in advance will significantly expedite the process. You’ll also want to review previous appraisals to determine if the recommended upgrades or repairs were completed. It’s a good bet that they’ll come up on your next appraisal, and you should definitely resolve any observed health or safety violations before your site visit.
Property values are calculated based on numerous factors, including location, square footage, amenities, and the recent sale prices of comparable properties (commonly known as “comps”) in the area. Websites such as Zillow and Realtor.com let you see the sale price of comps in your area and how long they’ve been listed, and you should consider making upgrades as your time and budget allow. Well-qualified buyers are always interested in purchasing recently renovated properties, but you also don’t want to price yourself out of the market if you’re hoping for a quick sale. It’s typically easiest to recoup your investment in kitchen and bathroom upgrades, and the average return on investment for new interior paint is currently around 107%. You also can’t overestimate the importance of curb appeal, so be sure to keep the lawns mowed and the trees and hedges trimmed!
For more information about real estate appraisal services in Little Rock, contact us online or at 501-313-0641.
